significant resource increase likely following

SIGNIFICANT RESOURCE INCREASE LIKELY FOLLOWING
COMPLETION OF PHASE 2 DRILLING AT MT BEVAN
Highlights
?? Mt Bevan Iron Ore Project
o 5,000m Phase 2 drilling now complete.
o Drilling designed to significantly increase current inferred resource.
o Virtually no change in dip, thickness or grade along the entire 11km
strike.
o SRK Consulting engaged to calculate significantly increased
inferred JORC resource by mid-January 2012.
o Completed bulk-scale LIMS metallurgical testwork confirms
excellent commercial-scale processing capabilities.
o Additional 7,000m Phase 3 drilling to commence mid-Feb 2012.
o Completion of Phase 3 likely by mid-April 2012.
o On track to earn 60% JV interest by mid-April 2012.
o NMDC indicate willingness to fund Legacy’s share of JV
expenditure.

?? Robertson Range Manganese Project
o IP geophysical survey commencing next week to consolidate the
recent discovery of significant manganese mineralisation on the
Black Hill Prospect.
o Detailed drilling programme to follow.
o Extensive Helimag geophysical survey to commence 21st November
covering both Robertson Range Manganese and Iron Ore
Projects – to aid in drill target definition.
?? Mt Celia Gold Project
o 1,200m drilling programme to begin early February 2012.
o To be completed by end of February 2012.
o Drilling to increase JORC resource and drill test high-grade gold
mineralisation at depth.